PRETORIA, May 11 (Reuters) – A South African court on Friday
granted the mining ministry and politically connected Imperial
Crown Trading (ICT) the leave to appeal in a mineral rights case
against Kumba Iron Ore and ArcelorMittal South Africa
The decision could drag out a complicated case for partial
rights at one of the world’s largest iron ore mines. Critics
have said they were given to ICT – a company with no mining
experience but with business links to President Jacob Zuma’s son
- in a sweetheart deal.
KHOMANANI MINE, South Africa, May 9 (Reuters) – Anglo
American Platinum, the world’s top producer of the
precious metal, on Wednesday launched what is said is the first
fuel cell-powered mining locomotive, showing the technology’s
potential as a clean energy source.
The prototype – quiet, blue in colour and with the sharp
angles of a Lego toy – is one of five fuel cell locomotives that
will be tested for underground use at one of Amplats’ mines.
JOHANNESBURG, May 3 (Reuters) – South African papermaker
Mondi on Thursday posted a drop in first-quarter
underlying operating profit due to lower prices and volumes, but
said demand for its products was picking up.
Mondi, also listed in London, said first-quarter
underlying operating profit fell to 120 million euros ($157.82
million), compared with 179 million in the same period last
JOHANNESBURG, April 30 (Reuters) – South African crude oil
imports from Iran rose to 3.37 billion rand ($434.8 million) in
March from 2.8 billion the previous month, customs data showed
on Monday, indicating Pretoria had not bowed to U.S. pressure to
curb commercial links with Tehran.
The Revenue Service said Africa’s biggest economy imported
505,908 tonnes of Iranian crude in March, up from 417,188 tonnes
the previous month.
MAPUTO, April 23 (Reuters) – Mozambique will buy 6 million
gigajoules of gas from South African petrochemicals group Sasol
to bring cleaner energy to the country, the head of
state-owned Empresa Nacional de Hidrocarbonetos (ENH) said on
Nelson Ocuane said ENH will need to build a 30-kilometre
(19-mile) pipeline from Matola, where Sasol’s current pipeline
passes on the way to South Africa, to the capital Maputo and
further north to the Maracuene district.
JOHANNESBURG, March 27 (Reuters) – South Africa imported no
oil from Iran in January, according to government trade and
customs data, suggesting Africa’s biggest economy has heeded a
call from the United States to halt oil shipments from Tehran as
part of Western sanctions.
Trade figures showed marked increases in January imports
from Qatar, Bahrain, Saudi Arabia and Kuwait, indicating they
have replaced Iran, usually South Africa’s biggest supplier of
crude accounting for a quarter of its oil imports.
JOHANNESBURG, March 12 (Reuters) – South African
petrochemicals group Sasol Ltd sees opportunities to
buy cheap natural gas assets in North America that would help
boost its output of chemicals and synthetic fuels, a senior
official said on Monday.
Sasol, the world’s top maker of motor fuel from coal, is
investing heavily in growth, especially by expanding its shale
gas portfolio, with capital expenditure seen at 29 billion rand
($3.9 billion) this financial year rising to 32 billion in
JOHANNESBURG, March 9 (Reuters) – South Africa’s
energy regulator said on Friday it had cut the increase in
electricity rates for power utility Eskom to 16 percent for the
2012/13 financial year from a previously approved hike of 25.9
The decision follows Eskom’s application to reduce the hike
after the utility had been asked by the government to ease up on
private and industrial consumers, who have been hit in recent
years with soaring power costs.
JOHANNESBURG, March 8 (Reuters) – South Africa will
come to the rescue of a nuclear industry, still struggling for
customers a year after Japan’s Fukushima disaster, with a tender
for one of the world’s biggest atomic power deals.
Firms from France, the United States, Japan, South Korea,
China and Russia have been lining up for years for a chance to
win the contract worth between 400 billion rand ($52.3 billion)
and a trillion rand($130.8 billion).
JOHANNESBURG, Feb 23 (Reuters) – Major South African
coal producers that own shares in the Richards Bay Coal Terminal
(RBCT) may invest to expand the terminal to handle up to 100
million tonnes of coal a year, the head of Exxaro’s
coal unit said on Thursday.
Mxolisi Mgojo said coal miners had been surprised by the
improved rate at which logistics group Transnet transported
their coal via rail to the port in the second half of last year.